Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.034%

Price spread now: Aster against Coinbase International+0.232%7-day average −0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$830.833% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.399%−$40 on $10k

Price spread, last 3 days (all we have)−0.287%−$29 · spread now +0.232%, 7d avg −0.104%

Together, before fees−0.686%+ Points / potential airdropAster: Stage 5 · farm board−$69 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.336% dearer against Coinbase International than usual: you sell high and buy low (spread +0.232% now, against its 7-day average of −0.104%): +$34 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. At the pace of the last 7 days (−0.399% in total) that is about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	232.99	0.0072	pay 0.0009% / 1h	32m 08s	$356K	$698K	10x
Short	Aster NBISUSDT	233.53	0.0029	get 0.0029% / 8h	1h 32m	$79K	$304K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.232%Rate

Funding earned: −$8.98
Price spread: +0.232% → −0.104%: $33.62
Slippage, 4 orders: −$65.34
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$58.7
Costs to cover: 0.833%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 51 min ago; Aster: live order book, 50 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 51 min ago	10.50 bp	16.2 bp −$16	22.0 bp −$220	doesn't fit	doesn't fit
Sell Aster live order book, 50 min ago	3.86 bp	10.1 bp −$10	1528.4 bp −$15.3K	doesn't fit	doesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NBISUSDT	0.0000%	8h	233.81	+0.352%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.76	+0.330%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.75	+0.326%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.78	+0.339%	$2.5M	$4.8M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.67	+0.291%	$2.8M	$825K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	233.84	+0.365%	$849	$1.8M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.80	+0.348%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.82	+0.356%	$1.6M	$965K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0007%	1h	233.79	+0.343%	$35K	$47K	10x	as long as short
Aster NBISUSDTshort	+0.0029%	8h	233.53	+0.232%	$79K	$304K	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NBIS-USD	+0.0032%	1h	233.80	+0.348%	$141K	$697K	10x	as long as short
Binance NBISUSDT	+0.0033%	8h	233.84	+0.365%	$19.4M	$86.9M	25x	as long as short
QFEX NBIS-USD	+0.0038%	1h	233.77	+0.335%	$1.5M	$5.1M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.75	+0.326%	$44K	$133K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0044%	8h	233.70	+0.305%	$5K	$144K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.97	+0.421%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.81	+0.352%	$148K	$657K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.79	+0.343%	$47	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.83	+0.361%	$173K	$499K	10x	as long as short
BloFin NBIS-USDT	+0.0056%	8h	233.89	+0.386%	$205K	$214K	20x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0072%	1h	232.99	long leg	$356K	$698K	10x
KuCoin NBISUSDTM	+0.0100%	8h	233.51	+0.223%	$481K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.74	+0.322%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.75	+0.327%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0202%	1h	233.77	+0.335%	$54.5M	$23.5M	10x	as long as short
Nado NBIS-PERP	+0.0222%	1h	233.71	+0.310%	$28K	$63K	3x	as long as short
Lighter NBIS	+0.0224%	1h	233.84	+0.365%	$934K	$4.6M	10x	as long as short
Entropy io:NBIS	+0.0273%	1h	233.75	+0.326%	$10.2M	$3.3M	10x	as long as short
Phoenix NBIS	+0.0343%	1h	233.78	+0.339%	$7K	$185K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0346%	1h	233.65	+0.284%	$24K	$13K	20x	as long as short
edgeX NBISUSDC	+0.0481%	4h	233.70	+0.303%	$37K	$234K	10x	as long as short